News Coinbase Justifies wBTC Delisting by Pointing to Justin Sun Connection “We've filed our response to BiT Global’s effort to stop our delisting of wBTC before any discovery or even formal ...

Coinbase has begun phasing out wBTC, and will suspend trading on Dec. 19 citing "listing standards". This move comes after Coinbase has launched a competitor to wBTC called cbBTC.

On December 17, Coinbase filed a response to a lawsuit from BiT Global, a company affiliated with Sun. The lawsuit accused the exchange of harming the Wrapped Bitcoin (WBTC) market by removing the ...

Coinbase announced on November 19 that it will delist wBTC starting December 19, 2024. The exchange has cited its “listing standards” in a periodic review, but the timing raised eyebrows.

BiT Global claims Coinbase’s decision to proceed with the wBTC delisting is anti-competitive and violates "numerous state and federal laws" and believes the delisting will also "damage" BiT ...

A US judge said the arguments from a lawyer for the Justin Sun-affiliated firm BiT Global were “speculative” on whether Coinbase’s decision to delist wBTC would harm the market.

WBTC, a wrapped version of Bitcoin that enables access to the Ethereum network, is being de-listed on Coinbase. The suspension of the digital asset will take place on December 19th.

Coinbase and BiT Global settled their wBTC delisting dispute, closing the lawsuit with prejudice. The suit had sought over $1 billion in damages, claiming the delisting favored Coinbase's cbBTC token.

ETH short-term price prediction points to potential downside as whale activity increases and Ethereum faces resistance near ...

On Dec. 17, Coinbase filed a response to a lawsuit brought by Sun-affiliated BiT Global, which accused Coinbase of harming the wrapped Bitcoin market by delisting Wrapped Bitcoin (WBTC) in November.